Boards provider Agency Express has reported a more robust property market at least for listings, with demand for For Sale signs up last month compared with a year before.
The firm’s Property Activity Index showed that the number of For Sale boards used in May rose 15.4% compared with 8.1% this time last year.
However, it seems fewer may be shifting compared with last year, with Sold signs up 8.1% compared with 12.3% in May 2017.
The west midlands had its best ever month, seeing increases in both new listings at 19.5% and properties sold at 21.9%.
East Anglia had the biggest increase in For Sale signs, up 27.3%, according to the index.
Wales saw the second biggest increase, with For Sale up 18.9%, and also saw Sold signs go up by the most at 16.6%.
London was just behind Wales with 14.4% more Sold signs in use.
All regions saw an increase in For Sale signs but the south-east and north-west of England both saw a drop in Sold boards, falling 5.4% and 2.2% respectively.
Stephen Watson, managing director of Agency Express, said: “Throughout May we typically see a slower pace across the UK property market, so this month’s figures have exceeded our expectations.
“Moving in to June, activity is thus far on trend and we remain optimistic for a buoyant summer.”
Comments (9)
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East Anglia had the biggest increase in For Sale signs, up 27.3%, according to the index.
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I can confirm I have had more boards vandalised / gone missing in the last two months than I have ever had. Maybe that adds to the figures.
Same with me Smile, 5 boards vandalised this week alone.
Think the board providers and erectors are in cahoots 😉
Either that or sad agents desperate to make their brand look better.
All sponsorship boards in my patch. There’s practically a sponsor for the opening of an envelope.